Share this article
Terra's LUNA Tokens Fall Steeply on Do Kwon's Alleged Arrest
Kwon was reportedly arrested in Montenegro earlier on Thursday.
Updated May 9, 2023, 4:11 a.m. Published Mar 23, 2023, 1:37 p.m.
Terra blockchain's native luna tokens fell 8% amid reports of founder Do Kwon allegedly getting arrested in Montenegro, according to a tweet by Filip Adzic, the country's minister of interior.
Adzic's tweet said the person was suspected to be Do Kwon and the government is trying to confirm the identity.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Traders reacted immediately to the reports. LUNA fell 10 cents from $1.40 at writing time on Thursday. Luna Classic tokens dropped just 3.7%, according to data from CoinGecko.
Read more: Do Kwon Arrested in Montenegro: Interior Minister
More For You
More For You
![[C31-7570] daaate](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fstaging%2Fb860804181535bcc5d91bae2bed733734be5742d-1920x1080.jpg%3Fauto%3Dformat&w=1080&q=75)
Top Stories
